About Us ThisisBigBrother.com

Omah · 10-06-2013, 01:03 PM

Quote:

Originally Posted by GiRTh

They should have sorted out their pension ages ago well before they retired. They cant expect the state to subsidise them until they die. What if they live to over 100?

I hope you've got yours sorted out - what if YOU live to over 100?

Of course, if you're 25 or under, you might have to work (if you've got a job in, say, 2043) until you're 75, say, 2063, when £30,000 now will only be worth £8,456.87 then and a 70 litre tank of petrol will cost £1,092.80, a loaf of bread £13.40, a bottle of wine £55.35 and a cinema ticket £63.45, assuming, for example, inflation rises at 5.00% and you receive annual interest of 2.40% on your savings after tax.

http://www.hl.co.uk/news/future-inflation-calculator

GiRTh · 10-06-2013, 01:05 PM

Quote:

Originally Posted by Omah

I hope you've got yours sorted out - what if YOU live to over 100?

Of course, if you're 25 or under, you might have to work (if you've got a job in, say, 2043) until you're 75, say, 2063, when £30,000 now will only be worth £8,456.87 then and a 70 litre tank of petrol will cost £1,092.80, a loaf of bread £13.40, a bottle of wine £55.35 and a cinema ticket £63.45, assuming, for example, inflation rises at 5.00% and you receive annual interest of 2.40% on your savings after tax.

http://www.hl.co.uk/news/future-inflation-calculator

What does it say directly after that point? Please post it for the whole forum.

Omah · 10-06-2013, 01:08 PM

Quote:

Originally Posted by GiRTh

What does it say directly after that point? Please post it for the whole forum.

Remember: If the interest rate you receive after tax is lower than the current rate of inflation you are losing money in real terms.

GiRTh · 10-06-2013, 01:14 PM

Quote:

Originally Posted by Omah

Remember: If the interest rate you receive after tax is lower than the current rate of inflation you are losing money in real terms.

Is that what it says? I thought I had said those views were not my own but I was trying to provide the counter argument to people who say pensioners are untouchable.

Interesting that you took the time to research the point you made - providing a quote and a handy link - but didn't take the time to read my post properly.

Omah · 10-06-2013, 01:25 PM

Quote:

Originally Posted by GiRTh

Is that what it says? I thought I had said those views were not my own but I was trying to provide the counter argument to people who say pensioners are untouchable.

Interesting that you took the time to research the point you made - providing a quote and a handy link - but didn't take the time to read my post properly.

Interesting that you haven't, even hypothetically, answered my question .....